billy blog ... some alternative economic thinking

A recent report released by the Canberra University based research group NATSEM has revealed that increasing numbers of Australian workers are losing more than 50 per cent of any extra earnings they make due to the structure of our (high) taxation regime.

The Sydney Morning Herald reports (September 24, 2006) that the report "found that when seven per cent ... [some 900,000 of working-age] ... Australians earn extra income, they hand back more than half of it to the government ... around two-thirds of these people are couples with dependent children, while the rest are single   More ...